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FOR SALE OR TO LET - 10 MARKET PLACE
New FRI lease in the region of £12,000 p.a. or freehold available in the region of £150,000 |
Well presented ground floor sales with a character, curved, recessed entranceway and excellent return frontage onto Market Place. Two further floors of office and storage accommodation.
LOCATION:
Penzance lies at the western end of the Cornish peninsula facing on to Mount’s Bay on the south coast of Cornwall. The town is the principal retailing centre in the district previously known as Penwith and is a relatively busy commercial centre accommodating the Council offices and Magistrates Courts. Communications from Penzance are good with a direct link on to the A30 which forms the arterial road into and out of the County, linking with the M5 at Exeter. The town also has an Intercity Railway station providing a regular service to Paddington, London.
SITUATION:
The Grade II Listed property is situated along Market Place and is in close proximity to Market Jew Street and Causewayhead. Market Place has attracted a mixture of regional and local traders interspersed with national outlets with nearby occupiers including Wetherspoons, Clarks shoe shop, Burton, Dorothy Perkins and Lloyds Bank.
DESCRIPTION:
The premises comprise extremely well presented ground floor sales with a character, curved, recessed entranceway. Excellent return glazed frontage onto Market Place exists, providing good natural light into the premises. Staff toilet facilities are accessed to the rear of the shop whilst ancillary staffroom and ample storage are situated on first and second floor levels.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Shop width 11.78m (max)
Shop depth 5.20m
Sales area 53.04m² (571 ft²)
WC
First Floor
Kitchen 12.64m² (136 ft²)
Store 1 10.98m² (118 ft²)
Store 2 14.11m²` (152 ft²)
Second Floor
Total storage (3 rooms) 53.85m² (580 ft²)
TERMS:
The premises are available on a new full repairing and insuring lease, for a term to be agreed, at a rent of £12,000 per annum.
Alternatively, a sale of the freehold interest would be considered in the region of £150,000.
RATES:
Rateable Value £22,500 (2010 list)
Cornwall Council are the charging authority and enquiries regarding the rates payable should be made with them - Tel: 0300 1234171.
VAT:
All figures quoted are exclusive of VAT where applicable.
COSTS:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease.
SERVICES:
We understand that mains water, electricity and drainage are connected to the premises. We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.
PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent. Potential exists to convert the upper floors to two self-contained residential flats, subject to contract.
Potential exists to convert the upper floors to two self-contained residential flats, subject to planning.
ENERGY EFFICIENCY RATING: D
Certificate Reference Number: 0767-3010-0488-0790-9425
Report Reference Number: 0970-0748-6480-7120-4096
VIEWING:
Strictly by appointment with sole agents Charterwood on (01872) 261216. Contact Stuart Sly or Jo Counter.
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